Property News · November 9, 2017

Swire Pacific issues profit warning, says competition a headwind for Cathay Pacific


Hong Kong-listed conglomerate Swire Pacific issued a profit warning Thursday, its second in 10 years, saying the operating environment of its aviation unit Cathay Pacific Airways remained tough in the second half owing to strong competition.
“Cathay Pacific does not expect the operating environment in the second half of 2017 to improve materially,” it said in a filing to the Hong Kong stock exchange on Thursday.
“In particular, the passenger business will continue to be…

Source : South China Morning Post
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